NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Samhällsbyggnadsbolaget i Norden AB (publ) (the “Issuer” or “SBB”), rated BBB- (stable) by S&P and BBB- (stable) by Fitch is offering holders of the Issuer’s outstanding notes outlined below (the “Notes”) to tender for purchase by the Issuer for cash (the “Tender Offer”) at the price set out below. The Notes will be repurchased subject to the terms and conditions described in a tender information document dated 10 October 2019.
Description of the Notes / ISIN / Issued Amount / Outstanding Amount / Minimum denomination amount / Purchase Price
2018/2021 Sr Unsec FRN / SE0010414581 / SEK 750m / SEK 583m / SEK 1m / 103.806 %
2018/2021 Sr Unsec FRN / SE0010985713 / SEK 474m / SEK 354m / SEK 2m / 104.453 %
2018/2022 Sr Unsec FRN / SE0011725514 / SEK 1,000m / SEK 420m / SEK 2m / 105.867 %
The tender information document can be found in the following link: sbbnorden.se/en/investor-relations-main/reports/.
In connection with the Tender Offer, the Issuer announces that it will issue SEK denominated 7 years senior unsecured notes (the “New Notes”), subject to market conditions.
The Tender Offer expires at 12:00 CET on 14 October 2019, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 18 October 2019. The Issuer’s repurchase of Notes is conditional upon a successful issue of New Notes.
The Issuer has mandated Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”), Nordea Bank Abp (“Nordea”), Skandinaviska Enskilda Banken AB (publ) (“SEB”) and Swedbank AB (publ) (“Swedbank”) as joint arrangers and bookrunners in respect of the issuance of the New Notes. Danske Bank, Nordea, SEB and Swedbank act as Dealer Managers and Tender Agents for the Tender Offer.
Attachment: The tender information document.
Dealer Managers and Tender Agents:
Danske Bank A/S, Danmark, Sverige Filial: +46 (0)8- 23 56 23, [email protected]
Nordea Bank Abp: +45 6161 2996, [email protected]
Skandinaviska Enskilda Banken AB (publ): +46 (0)8-506 230 82, [email protected]
Swedbank AB (publ): +46 (0)8 700 90 22, [email protected]
For further information, please contact:
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on October 10, 2019, at 16:00 CET.